What does minimum bet mean?

Minimum odds mean that you have to place a bet with the odds listed or a riskier but higher payout bet. It sets the minimum number of odds that qualifies your bet, which means your betting odds have to be a higher number (or less negative number) than the odds listed.

timetravelsports.com - What does minimum odds mean? Examples and Tips

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Make Your Bookie Cry And Pull The Hair By Generating $23,187

Promotion

Minimum Odds Requirement: what is it, why, and strategies

Many sportsbooks will have a minimum odds requirement on promotional bets. It’s important to understand exactly what they mean, or you can end up failing to get the promotional offer (and many times the sportsbook won’t let you know that you didn’t meet the requirements for the bonus). If you don’t have a DraftKings account, you can get a $150 free bet until December 27th by clicking here. Note: you have to deposit $150 in your account. If you don’t want to deposit that much, there are bonuses for as little as $25 deposits (this would get you a $25 free bet) Above link also gives me a bonus, and I appreciate any support. Read the fine print on the promotional bet, but here is my understanding is the free bet must be used within 7 days of receiving it. $25-$49 deposit = $25 free bet. $50-$99 deposit = $50 free bet. $100-$149 deposit = $100 free bet. $150 or over deposit = $150 free bet. Free bets can’t be used as cash.

What does ‘minimum odds’ mean?

Example of minimum odds bets

You might get a promotional offer from a sportsbook like this one:

*It may be difficult to read (got to love fine print), but it says: “+100 min odds”

What does ‘+100 minimum odds’ mean?

This means that you will get the free bet if you make a (parlay in this case) bet with +100 odds or higher. Examples of bets that qualify +110 odds, +200 odds, or +500 odds. Examples of bets that would not qualify you for the bonus would be even odds -100 odds, -300 odds, etc.

Let’s try another example.

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Promotion

What does ‘-200 minimum odds’ mean?

This means that you will qualify for the promotion if you place a bet with -200 odds or higher. Examples of bets that qualify are -190 odds, -100 odds, +100 odds, +200 odds. Examples of bets that would not qualify would be -210 odds, -400 odds, -500 odds, etc.

Why do sportsbooks have minimum odds on promotions?

Sportsbooks have minimum odds, so they can avoid people getting the bonus with too little risk. In the example pictured above, PointsBet is offering a $20 free bet, but they want you to risk $50 in a parlay to get it. Charlie Hustle the sports bettor might look at that and say, “Great! I’ll bet all the biggest favorites of the day to win their game straight up.” So he picks Alabama, Ohio State, and Oklahoma all to win against non-major conference schools. The parlay isn’t risky, so it has -800 odds, which means Charlie Hustle profits $6.50 on his $50 bet. But he’s happy with that because he now gets a free $20 bet. Unfortunately for Charlie, PointsBet won’t offer him the $20 free bet because the -800 odds was less than the +100 minimum. Sportsbooks are good at blocking some “hustles,” but there are still strategies you can use to your advantage This is a good example of sportsbooks blocking ways for you to get easy money. There are still multiple ways you can increase your odds to squeeze out some profits sports betting. Checking our guide on sports betting strategies.

timetravelsports.com - What does minimum odds mean? Examples and Tips

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